Agenda. Your Partners. Investment Philosophy. Joint Ventures. Global Portfolio Overview. Executive Leadership Team

Transcription

1 Agenda Your Partners Investment Philosophy Joint Ventures Global Portfolio Overview Executive Leadership Team

2 Your Partners Ontario Municipal Employees Retirement System manages more than $70 billion of capital on behalf of the OMERS Pension Plan and other investors Strong balance sheet, AAA credit rating Commitment to private market investments Direct active management approach Multi-platform strategy with proprietary origination and asset management teams Industry-leading, risk-adjusted performance Awarded Pension Fund of the Year (Canada) by World Finance Magazine for 2009, 2010 and 2011 Awarded one of the 50 Best Employers in Canada by Hewitt Associates and The Globe & Mail for the last 4 years

3 OMERS Allocation to Private Investments 16% 19% 47% 20 largest North American & European pension funds 20 large sovereign wealth funds OMERS 3

4 About Oxford Wholly owned by OMERS A leading global real estate investment, development and management company, founded in 1960 Offices across Canada, New York and London 1,300 employees One Team philosophy 4

5 Over $20 billion in assets under management 50 million sq. ft. commercial portfolio 21,000 apartment units 3,500 hotel suites Vertically integrated full service operating and management platform Industry leadership in sustainability operations and business practices 200 sustainability projects with over $20 million invested in 2011 Ranked top 10 globally and top 3 in North America by GRESB in 2011 Ranked 1 st in environmental and sustainability governance performance in a 2010 industry survey by Jantzi-Sustainalytics

6 Oxford Strategic Objectives Grow assets under management globally by building focused portfolios, preferred partner relationships and operating platforms of scale Provide superior risk-adjusted returns Be entrepreneurial and disciplined to capitalize on global and local opportunities Meet the needs of OMERS and its 400,000+ members 6

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8 Agenda Your Partners Investment Philosophy Joint Ventures Global Portfolio Overview Executive Leadership Team 8

9 Oxford Investment Philosophy Growth through active joint ventures with preferred strategic partners Full alignment of interests Operational discipline and prudent risk management Commitment to client service, transparency and best practices in corporate governance Long term view and commitment

10 Agenda Your Partners Investment Philosophy Joint Ventures Global Portfolio Overview Executive Leadership Team 10

11 Joint Ventures Over $4.5 billion of third party capital under management Strong relationships with global institutional investors, corporations, pension funds and multiple levels of government Alberta Investment Management Corporation Beacon Capital Partners British Columbia Investment Management Corp. British Land Canada Pension Plan Investment Board Desjardins Government of Singapore Investment Corp. Menkes Montez Corporation Ontario Teachers Pension Plan Related Companies Sun Life Assurance Company

12 Case Example Hudson Yards 12 million sq. ft. mixed use, master planned development on 26 acres in West Manhattan Project includes: office, retail, hotel, residential, cultural centre and school properties Coach Inc. secured as first anchor tenant, occupying 600,000 sq. ft. Joint venture with New York-based Related Companies 12

13 Case Example 122 Leadenhall 610,000 sq. ft. iconic office development in Central London Project includes public, retail and leisure facilities Aon Corporation to occupy 10 floors of the 47-storey building Joint venture with British Land, a UK REIT

14 Case Example Yorkdale Shopping Centre 1.5 million sq. ft. super regional retail shopping centre in Toronto One of North America s most productive shopping centres Attracts 19 million visitors annually Highly sought after launching pad for international retailers focused on luxury brands ICSC MAXI Award for redevelopment and repositioning Joint venture with Alberta Investment Management Corporation 14

15 Case Example RBC WaterPark Place & MNP Tower Two office towers under development totalling 1.2 million sq. ft. in Toronto and Vancouver, respectively Leading-edge sustainable designs Successfully executed pre-leasing campaign securing anchor tenants for both towers Joint venture with Canada Pension Plan Investment Board

16 Agenda Your Partners Investment Philosophy Joint Ventures Global Portfolio Overview Executive Leadership Team 16

17 Global Portfolio Overview Office 47 properties 24 million sq. ft. Retail 15 properties 15 million sq. ft. Hotel 8 properties 3,500 rooms Residential 22 properties 21,000 units Industrial 8 properties 7 million sq. ft. Development 8 projects 3 million sq. ft. 17

18 Office Buildings 47 office properties covering 24 million sq. ft. Approximately $10 billion in assets under management A diverse mix of tenants, including many leading global enterprises in the financial, technology, energy, professional services and government sectors Oxford Assets: Office

19 Sample of Office Buildings Royal Bank Plaza Toronto, ON TD Canada Trust Tower Toronto, ON Centennial Place Calgary, AB 1250 René Lévesque Montreal, QC Watermark Place London, UK 1.5 million sq. ft. 1.2 million sq. ft. 1.3 million sq. ft. 1.0 million sq. ft. 525,000 sq. ft. 19

20 Retail Shopping Centres 15 million sq. ft. portfolio Over $5 billion in assets under management Dominant super regional retail portfolio in Canada Portfolio of 7 regional malls in the U.S. Oxford Assets: Retail

21 Sample of Canadian Regional Shopping Centres Yorkdale Shopping Centre Toronto, ON Square One Shopping Centre Toronto, ON Scarborough Town Centre Toronto, ON Kingsway Mall Edmonton, AB Southcentre Mall Calgary, AB 1.5 million sq. ft. 1.8 million sq. ft. 1.6 million sq. ft. 900,000 sq. ft. 1.1 million sq. ft. 21

22 Hospitality Hotels and Resorts Portfolio of eight luxury hotel properties in Canada: InterContinental Toronto, Fairmont Chateau Whistler, Fairmont Vancouver Airport, Fairmont Banff Springs, Fairmont Chateau Lake Louise, Fairmont Jasper Park Lodge, Fairmont Chateau Montebello, and Kenauk at Fairmont Chateau Montebello Branded and managed by luxury operators Fairmont Hotels & Resorts and InterContinental Hotels Group Oxford Assets: Hotel 3,500 rooms 4 world class golf courses

23 Residential 21,000 units in Canada, U.S. and Germany Approximately $1.3 billion in assets under management Residential platform positioned for near-term growth Oxford Assets: Residential 23

24 Industrial Over 7 million sq. ft. portfolio located in the Greater Toronto Area, Vancouver, Edmonton and Calgary Over $800 million in assets under management High quality industrial parks Industrial platform positioned for near-term growth Oxford Assets: Industrial

25 Development Projects Over 3 million sq. ft. in development projects Approximately $2 billion in total project costs Mix of office, retail and industrial development projects located throughout Canada and in New York and London Oxford Assets: Development 25

26 Sample of Development Projects Active Leadenhall London, UK Office Development 610,000 sq. ft. RBC WaterPark Place Toronto, ON Office Development 933,000 sq. ft. MNP Tower Vancouver, BC Office Development 270,000 sq. ft. Yorkdale Shopping Centre Toronto, ON Retail Expansion 145,000 sq. ft. Oxford Airport Business Park Calgary, AB Industrial Development 4 million sq. ft. 26

27 Sample of Development Projects In Progress Hudson Yards New York, NY MTCC Toronto, ON 100 Adelaide W Toronto, ON Eau Claire Tower Calgary, AB Cumberland Terrace Toronto, ON Mixed Use Development 12 million sq. ft. Mixed Use Development 11 acres Office Development 900,000 sq. ft. Office Development 650,000 sq. ft. Mixed Use Development 560,000 sq. ft. 27

28 Agenda Your Partners Investment Philosophy Joint Ventures Global Portfolio Overview Executive Leadership Team 28

29 Executive Leadership Team Michael Nobrega President and Chief Executive Officer, OMERS Michael Nobrega was appointed President and CEO of OMERS in He also served as OMERS Chief Investment Officer until December 31, From 1998 to the date of his appointment as OMERS CEO, Mr. Nobrega was President and CEO of Borealis, the wholly-owned infrastructure investment entity of OMERS. A Chartered Accountant, Mr. Nobrega is a former tax partner of Arthur Andersen, where he specialized in mergers and acquisitions and corporate reorganizations. Mr. Nobrega holds an Honours BA (Economics and Mathematics) from the University of Toronto. In 2009, Mr. Nobrega was named a Fellow of The Institute of Chartered Accountants of Ontario, Canada the highest designation the Institute confers and which recognizes outstanding career achievements as well as excellence in service to the community and the profession. In 2002, Mr. Nobrega received the Arbor Award from the University of Toronto for outstanding community service. Michael Latimer Executive Vice President and Chief Investment Officer, OMERS Michael Latimer is responsible for investment activity throughout all OMERS investment entities, overseeing the development and execution of investment strategy. He was appointed to this position on January 1, 2010, and prior to this appointment was President and CEO of Oxford Properties. Before joining Oxford, Mr. Latimer was Chief Operating Officer of Borealis Capital Corporation. Mr. Latimer s corporate career spans both the private and public markets, commencing with the corporate office of George Weston Limited, followed by Nu-West Development Corporation, Canderel Limited, TrizecHahn Limited, and OMERS Realty Corporation. Mr. Latimer held a number of senior executive real estate positions in the North American real estate sector prior to joining OMERS in Mr. Latimer holds a Bachelor of Business Administration from McMaster University where he currently serves as a member of the University s Board of Governors. 29

30 Oxford Organizational Chart Corporate Office Blake Hutcheson President & CEO Colin Loudon EVP & CFO Bob Aziz EVP & CLC Ann Clavelle SVP, HCM 30

31 Oxford Organizational Chart Regions & Asset-Level Activities Blake Hutcheson President & CEO Michael Kitt EVP, Canada Andrew Mcallan SVP, Canada Neil Jacob EVP, USA Paul Brundage EVP, Europe 31

32 Blake Hutcheson President and Chief Executive Officer Blake Hutcheson is one of Canada s leading real estate executives and entrepreneurs. He is responsible for achieving Oxford s goals and executing its long-term business strategy. He plays a vital role in establishing and maintaining Oxford s relationships with key partners in markets around the world. Most recently he was the Head of Global Real Estate with Mount Kellett Capital Management, a New York-based private equity firm with offices in key locations around the globe. Prior to that, as President of the Canadian, Latin American, and Mexican operations for CB Richard Ellis, the world s largest real estate services company, he was integral in driving growth and diversification in several markets and business lines. A graduate of the University of Western Ontario, Mr. Hutcheson also completed a Graduate diploma in International and Comparative Politics from the London School of Economics and a Master s degree in Real Estate Development from Columbia University. Colin Loudon Executive Vice President and Chief Financial Officer Colin Loudon is responsible for all of Oxford s financial operations, and provides the executive team with advice and guidance on key corporate and capital management strategies. He oversees and directs all capital raising initiatives of the corporate development group, and is responsible for Oxford s portfolio management and research teams. Mr. Loudon also leads Oxford s corporate and property accounting practices, finance and treasury operations, and the company s full service taxation, compliance, financial reporting and information technology groups. Prior to joining Oxford, Mr. Loudon was a Partner and National Real Estate Industry Leader at KPMG. Mr. Loudon holds a Bachelor of Commerce degree (Honours) from Queen s University as well as Chartered Accountant and Chartered Business Valuator designations. 32

33 Bob Aziz Executive Vice President and Chief Legal Counsel Bob Aziz plays an integral role in developing Oxford s corporate strategy, and is responsible for all of the company s legal affairs including management of the dedicated risk and governance teams. With 25+ years of legal experience in real estate, banking, and private equity, he provides Oxford s executive team with counsel on acquisitions and dispositions, corporate structures, and regulatory compliance. Mr. Aziz was most recently President of Great Gulf Homes and prior to that he was Senior Vice President and Deputy General Counsel at TD Bank Financial Group and a Partner at the prominent international law firms of Torys LLP and Davies Ward Phillips Vineberg LLP. Mr. Aziz holds a Bachelor of Laws (Honours) from the University of Western Ontario. Ann Clavelle Senior Vice President, Human Capital Management Ann Clavelle leads the company s human capital management team and is responsible for designing and directing Oxford s HCM initiatives, with a focus on attracting and developing talent across the organization. As a partner to Oxford s corporate group and various business lines, the HCM team works closely with management to deliver a full range of human capital services and solutions. Prior to joining Oxford, Ms. Clavelle held progressively senior human resource positions with Deloitte & Touche in both Canada and the United Kingdom. She holds a Bachelor of Arts degree from the University of Western Ontario and holds her Certified Human Resources Professional (CHRP) designation. Michael Kitt Executive Vice President, Canada Michael Kitt is responsible for all activities within the 45 million square foot Canadian portfolio, including real estate management, development and investments. Mr. Kitt was previously Executive Vice President, Development at a major Canadian real estate company, where he was responsible for planning and executing over $2 billion of development strategies. Prior to this role, Mr. Kitt was Senior Vice President, Investments, with the same firm. Mr. Kitt holds a Bachelor of Commerce from the University of Manitoba and his Chartered Financial Analyst designation. 33

34 Andrew McAllan Senior Vice President and Managing Director, Real Estate Management Andrew McAllan oversees all leasing and operations of Oxford s directly owned and managed 45 million square foot Canadian real estate portfolio. Most recently, Mr. McAllan held the position of Senior Vice President, Real Estate Management, office portfolio, at Oxford. Mr. McAllan has over 30 years of commercial real estate experience, and joined Oxford in Prior to Oxford he held senior positions at Shipp Corporation and Dennis Commercial Properties. Mr. McAllan is on the Board of Directors for Ainsworth Inc. and is an active member of NAIOP and BOMA. Mr. McAllan holds an MBA from the Rotman School of Management, University of Toronto. Neil Jacob Executive Vice President, USA Neil Jacob is responsible for the direction and execution of Oxford s U.S. strategies and is based in the New York office. Prior to joining Oxford, Mr. Jacob focused on acquisitions, dispositions and structured financing for a real estate investment and consulting practice. Previously Mr. Jacob held senior roles at TrizecHahn Corporation and Trammell Crow Company. Mr. Jacob holds a Bachelor of Arts (Economics) from Brown University, and a Juris Doctor from Duke University School of Law. Paul Brundage Executive Vice President, Senior Managing Director, Europe Paul Brundage oversees the direction and execution of Oxford s European strategy and is based in the company s London office. Prior to joining Oxford, Mr. Brundage worked with Borealis Real Estate Management Inc. and OMERS Realty Corporation, Prudential of England and PricewaterhouseCoopers, in asset and portfolio management, leasing, business development, acquisitions and dispositions and investment analysis. Mr. Brundage holds a Bachelor of Arts (Honours) in Economics and Geography from the University of Toronto and a Masters of Arts in Urban and Regional Analysis from State University of New York /2012

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